Group costs

Grand Technology

Profile

Grand Technology is a fully-funded shared service centre (SSC), providing core IT services to the GPI Group. It was formed in 2012 to formalise accountability for IT processes and governance against a set of key performance measures, thereby supporting the strategic requirements of the Group.

ownership structure

100%
effective ownership (as at 30 June 2015)
(R7.3 million)
contribution to GPI headline earnings for the period

Overview

Technology plays an increasingly integral role in the way companies operate, enabling greater efficiency, connectivity and mobility.

To this end, Grand Technology provides core services to support the diverse needs of GPI as it expands in scale and geographic reach, including skills planning, transitioning to cloud solutions and implementing leading information security management in line with regulatory requirements and best practice.

Grand Technology remains in its ramp-up phase, investing in the foundations required to support future growth. As this stabilises and the service reaches critical mass, expenses are likely to decrease, thereby significantly improving returns in the medium term.

factsheet

managing executive

Russell Petersen

GPI directors at grand Technology board level

Hassen Adams, Alan Keet

BBBEE rating

Level 2

Employees

Total employee complement: Nine

Historically disadvantaged individuals (HDIs) represent 66% of the total employee complement

Females represent 33% of the total employee complement

Head office

Cape Town

Operational footprint

  • > 400 managed end points
  • > 50 branches supported nationally

Key financial performance indicators (R’000s)

2015 2014 2013
Revenue 13 350 5 773 1 360
EBITDA (3 292) (3 322) (443)
Net profit after tax (4 350) (4 193) (443)
Shareholder loan 14 523 5 217 1 450
Total debt excluding shareholder loans